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Upbound Group (UPBD)
NASDAQ:UPBD
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.03Last Year’s EPS
0.81Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -5.05%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Upbound Group demonstrated strong growth, particularly through Assima's performance and successful acquisitions. However, Rent-A-Center faced challenges, and there is ongoing pressure in the furniture segment. Despite these challenges, the company remains optimistic about future growth, particularly through technology-driven initiatives.Company Guidance
During the Upbound Group's fourth quarter 2024 earnings call, guidance for 2025 was shared with several key metrics outlined. The company projects revenue to range from $4.5 billion to $4.75 billion and adjusted EBITDA between $500 million to $540 million. Non-GAAP earnings per share are expected to be between $3.90 to $4.40, with free cash flow estimated at $150 million to $200 million. Assima is anticipated to deliver high single digits to low double digits growth in GMV and revenue, with improved adjusted EBITDA margins moving towards the mid-teens. Rent-A-Center's revenue is expected to decrease in the low single-digit range due to store consolidations, with adjusted EBITDA margins projected to be in the mid-teens. Bridgion, recently acquired, is expected to contribute revenue between $200 million and $230 million and adjusted EBITDA in the $25 million to $30 million range. The company also aims to maintain a tax rate of approximately 26% and anticipates a steady average diluted share count of about 58.9 million shares.Strong Revenue Growth
Revenue for the fourth quarter increased by 6% year-over-year, driven primarily by Assima's performance. Full-year revenue grew 8.2% to over $4.3 billion.
Assima's Impressive Performance
Assima delivered top-line growth of over 17% for the year, with revenue ending at approximately $2.3 billion. The segment achieved double-digit growth for four consecutive quarters.
Successful Acquisitions and Integration
The acquisitions of Assima and Bridgion were highlighted as transformative, establishing Upbound as a technology-driven growth company. Bridgion brings new digital products like earned wage access and credit building programs.
Improved Profitability Metrics
Adjusted EBITDA for the fourth quarter increased by over 14% year-over-year, with margins rising 80 basis points to 11.4%. Full-year adjusted EBITDA was over $473 million, up 3.8% from the prior year.
Assima's Expanding Customer Base
Assima onboarded nearly a million new customers in 2024, with GMV for the fourth quarter growing by 15.3% year-over-year.
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UPBD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UPBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $29.11 | $27.64 | -5.05% |
| Oct 31, 2024 | $26.75 | $28.88 | +7.96% |
| Aug 01, 2024 | $36.83 | $34.34 | -6.76% |
| May 02, 2024 | $30.51 | $29.31 | -3.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Upbound Group (UPBD) report earnings?
Upbound Group (UPBD) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Upbound Group (UPBD) earnings time?
Upbound Group (UPBD) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UPBD EPS forecast?
UPBD EPS forecast for the fiscal quarter 2024 (Q4) is 1.03.
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